India was Australia's 4th largest export destination for its goods, 7th largest services trading partner and 9th largest trading partner in goods and services in 2008.
Bilateral trade in goods : US $12.41 (A$ 15.33) bn. (2008)
India's Exports : US $ 1.48 (A$ 1.83) bn. (2008)
India's Imports : US $ 10.93 (A$ 13.5) bn. (2008)
Main exports : Rotating electric plants, Pearls & gems, Made-up textiles, Jewellery and Medicaments (incl. Veterinary), floor coverings.
Main imports : Coking Coal, non-monetary gold, copper and concentrates, Fertilizers (excl. crude), silver and non ferrous metal scrap, legumes.
Bilateral trade in services : US $ 2.89 (A$ 3.58) bn. (2008)*
India's Service Exports : US $ 0.50 (A$0.62) bn. (2008)*
India's Service Imports : US $ 2.39 (A$2.96) bn. (2008)*
Australia's main export destinations : Japan, China, Republic of Korea, India, U.S.A.
Australia's main import sources : China, USA, Japan, Singapore, Germany.
TRADE
India's Imports from Australia:
Three products - coal, non monetary gold and copper ores - account for over 80 percent of India's imports from Australia, with coal being the dominant import.
India is Australia's largest export market for gold and chickpeas, second largest market for coal and copper ores, third largest market for lead and wool, and a growing market for nickel exports.
Main Australian service exports to India are Education; education - related travel; tourism.
Main Indian service exports are Computer & information services; tourism.
Australia's exports of goods to India were A$13.52 bn. in 2008 and registering an increase of 45.5% over 2007. The average rate of growth has been 28.7% over the past five years.
India's Exports to Australia:
India currently ranks as the 24th largest exporter to Australia. India's exports to Australia were A$1.83 billion in 2008, at an average of 12% over the last five years. Exports have grown registering a 25.5% over the previous year. In comparison to the Indian imports from Australia, India's exports have been small the balance of trade is heavily in favor of Australia.
INDIA - AUSTRALIA TRADE IN GOODS: 2002 - 2008.
(all figures in A$)
|
2003 - 04 |
2004 - 05 |
2005 - 06 |
2006 - 07 |
2007 - 08 |
2008 |
Total Trade |
$6.54 bn. |
$8.18 bn. |
$10.12 bn. |
$10.75 bn. |
$10.92 bn. |
$15.35 bn. |
India's Imports |
$5.42 bn. |
$6.97 bn. |
$8.84 bn. |
$9.29 bn. |
$9.32 bn. |
$13.52 bn. |
India's
Exports |
$1.12 bn. |
$1.21 bn. |
$1.28 bn. |
$1.46 bn. |
$1.60 bn. |
$1.83 bn. |
INDIAN BUSINESS IN AUSTRALIA:
Government of India offices and PSUs in Australia include Government of India Tourist Office; State Bank of India branch office (since April 2004); Bank of Baroda's Representative Office; New India Assurance Co Ltd (has a presence in Australia since 1955); and Air India (offline station).
All the major Indian IT companies have a presence in Australia. These include Infosys; Satyam; TCS; HCL; Polaris Software Lab Ltd; Birlasoft; NIIT; 3i Infotech Asia Pacific; Wipro; Tech Mahindra ; Tata Communications; Zensar Technologies; i-Flex; igate; among others. Infosys, Satyam, TCS, Birlasoft and HCL have established Software Development Centres in either Sydney or Melbourne. Polaris has a Performance Diagnostics and Managed Testing Services in Sydney. A Chapter of NASSCOM is also established in Sydney.
Major Indian investments in Australia include that by India's Oswal Group (ammonia plant at Karratha close to North-West Shelf project in the State of Western Australia); Sterlite Industries (two copper mines in the State of Tasmania in Mt Lyell and a copper/gold mine in the State of Queensland at Charters Towers); Aditya Birla Group [copper mines at Nifty (Western Australia) and Mt Gordon (Queensland)]; Gujarat NRE Coke has a coal mines in New South Wales.
Tata Steel has a presence in Brisbane. Tata Power has a stake in Geodynamics Ltd a geothermal energy company. The Taj Group of Hotels acquired the W Hotel in Sydney renamed - Hotel "Blue". Visa International (Visa Steel) has an office and a mine in Queensland.
RIL Australia Pty Limited (RILA), a subsidiary of Reliance Industries Limited has a Joint Venture agreement with Uranium Exploration Australia Limited to participate in the Australian energy sector including uranium exploration and mining.
A tractor division of Mahindra & Mahindra Limited is based in Brisbane. A new venture called Mahindra Automotive Australia (MAU) has also been established.
Other companies, with interests in Australia, include Suzlon Energy; Sundaram Infotech Solutions Ltd; Firepro Systems; Sumi Motherson Group, ITC; Ashok Minda Group; Bhushan Steel Ltd; Indage Holdings Ltd and Security and Intelligence Services (India) limited among others.
AUSTRALIAN BUSINESS IN INDIA:
The total value of Australian investments in India during the period April 2000 to September 2008 was Rs 9,983.5 million (US$ 226.02 million). This accounts for 0.31% of the total approved investment in India from all countries and sources.
The top sectors attracting FDI inflows(from January 2000 to December 2007) from Australia were Metallurgical industries, Services Sector (financial and insurance), Telecommunications, Consultancy Services and Hotel & Tourism in that order.
Australia has been granted 160 technical collaborations or 2.01 % of the overall total technical collaborations since 1991.
Some of the major Australian companies which have presence in India include Telstra (telecommunications); BHP Billiton (mining); Rio Tinto (mining); MIM Holdings (mining); Snowy Mountains Engineering Corporation (infrastructure development); Argyle diamonds (technical support office for diamond sales); P & O (development of container ports); Orica Limited (joint venture with Imperial Chemical Industries); Lucent Technologies (IT); ANZ (IT); Accor (Hotel Chain); Boral Ltd; Qantas (Airlines); TNT Express (courier services); Village Roadshow (entertainment); Cookie Man (biscuits); Faber Castell (stationery products); Futuris brakes; Minter Elison (legal services); Narrowcasters (simultaneous interpretation in Museums in Mumbai, Delhi and Jodhpur); Mayne Group (pharma); Sigma (pharma); among others.
Recent entrants include Macquarie Group (infrastructure); Blue scope steel; L J Hooker (realty & property development); Leighton Holding (property development); Axa Asia Pacific (joint venture agreement with Bharti Telecoms Group for Insurance); Woolworths (retail and IT opportunities with Tata Sons and TCS); among others. Some of the other prominent Australian companies such as the Westfield Group (Lowy) have also been looking at India for expansion of their operations. Other companies include Nufarm (JV with Excel Industries - Fertiliser), Flight centre (travel), SAI Global (standards and quality services) Brambles (Doc mgt subsidiary), Orbital (Fuel Systems), Linfox (transport logistics) and IAG (insurance).
OPPORTUNITIES
Potential for Indo-Australian cooperation exists in infrastructure development including roads, ports, airports and railways; power sector; mining; oil and natural gas including LNG; biotechnology; drugs and pharmaceuticals; information technology; water management, soil conservation and waste disposal; food processing and agribusiness; film and television; processing of gems and jewellery; tourism; and education.
Fact Sheets
